1. Which of the following is an example of a statutory lien?

Group of answer choices

Mechanics lien

Judgment lien

Mortgage

Equitable lien

2. A termination of a lien occurs in which of the following circumstances?

Group of answer choices

Filing of a release

Transfer of the property

Discovery that the work is of poor quiality

Placing a mortgage against the property

3. A construction loan will be second in priority

Group of answer choices

If the loan is recorded after construction begins

If the loan is funded after construction begins

If a lien is filed after construction begins

If subcontractors file suit after construction begins.

4. Lebron James has been constructing a home on hisacre lot. The experience has been time consuming and frustrating. Currently, there is a construction mortgage and liens from the framer, plumber and roofer on the property. Lebron has found a buyer for the property. The sale of his property to a third party:

Group of answer choices

Is not possible without payment of the contractors and the construction lenders.

Extinguishes all the liens

Satisfies all lienholders

Extinguishes the mortgage only

6. Mary and Mr. Lamb are joint tenants in Blueacre. US Bank makes a loan to Mary secured by her interest in Blueacre. If Mary dies,

Group of answer choices

US Bank has no security interest in Blueacre

US Bank has a security interest on the entirety of Blueacre

US Bank has a security interest on the interests of Mary's heirs in Blueacre

US Bank has a security interest on Mr. Lamb's interest in Blueacren Mary's half of Blueacre

11. Anna and Elsa are neighbors. Anna has installed a series of solar collectors on the roof of her home. The collectors are positioned so that Anna obtains maximum efficiency in the use of the sun. However, Elsa has decided to plant several trees for backyard shade and within three years of planting, the now-tall trees are interfering with the collection of sunlight by Anna's collectors.

Group of answer choices

In the absence of any statutory protections or an easement, Anna has no rights for demanding removal of Elsa's trees.

Elsa has violated Anna's right to light and must cut down or otherwise move the trees

Trees that block solar panels are a violation of federal law because solar panels are a clean source of energy

In the United States, the right to light does include the right to use solar panels

Elsa is trespassing on Anna's property and must remove the trees

12. Roy Rogers is leasing her subsurface rights to Chevron. Chevron plans to start a fracking operation on his property. Chevron can transport the oil and natural gas through pipelines running through Rogers' property to the Port of San Pedro, although it would be more cost-effective to run pipelines through the properties of Rogers' neighbors to transport the oil and natural gas. What additional rights will Chevron need?

Group of answer choices

Surface rights for equipment and easement for the pipelines

Air rights so that Roy will not be responsible for any pollution created by the oil drilling

A permit under the California Oil Pollution act

An easement by necessity from Rogers' adjoining landowners

13. Soupy Sales, Inc., owns and operates Soupy Mall. It has leased a food court space to One Potato Two, a fast food franchise that sells baked potatoes. One Potato Two insists on a clause that prohibits Soupy Sales, Inc. from leasing another food court space to Great Steak and to Potato and Spuds, One Potato Two's two major competitors. The clause is:

Group of answer choices

Valid and enforceable

Void because it violates antitrust laws

Voidable at the option of Soupy Sales, Inc.

Valid, but only if it applies to one competitor

Void because the two competitors are likely to reduce One Potato Two's sales revenue

15.Hannah's Bananas operates in a small retail space located just off Times Square. The landlord is Times Square Rentals. Hannah's Bananas sells fake Rolex and Cartier watches. Which of the following is a correct statement about Times Squares Rentals liability to Rolex and Cartier for the infringement of their trade names and trademarks by Hannah's Bananas?

Group of answer choices

Times Square Rentals would have vicarious liability to Rolex and Cartier if they were aware of the sales activity by Hannah's Bananas

Times Square Rentals would have no liability for the the conduct of its tenants

Times Square Rentals would have liability only if the rent included a percentage of Hannah's Bananas' sales

Times Square Rentals can exculpate its liability by having a provision in the lease that prohibits Hannah's Bananas from making such sales.